Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Shampoo Water Direct labor. Standard Quantity 2 18 1.2 ounces gallons hour Standard Rate $0.30 per ounces $0.05 per gallons $11.00 per hour Standard Unit Cost During the month of July. Collin's employees gave 380 baths. The actual results were 740 ounces of shampoo used (cost of $259.00). 6,800 gallons of water used (cost of $544), and labor costs for 320 hours (cost of $3,840). Complete this question by entering your answers in the tabs below. Direct Material Price Varance Direct Material Quantity Variance $0.60 0.90 13.20 Required: 1. Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts, direct labor variances for the month of July. Required 1 Required 2 Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Shampoo Water

Q: What purpose do adjusting entries serve?

A: Adjusting entries are changes to journal entries which you have already recorded. Specifically they…

Q: In which document would you find the MD&A? O A. Form 8-K O B. Form 10-K O C. Both A and B O D.…

A: Paid-in Capital Paid-in capital is that the total quantity cash equivalents contributed to a company…

Q: incorfrect please redo with a accurate answer

A: Molding FabricationMachine Hours $      2,500.00 $      1,500.00Fixed Manufacturing Overhead cost  $…

Q: difference between ABC method and traditional method

A: Solution:- The following differences between ABC method and traditional method as follows under:-

Q: In a data visualization, the vertical axis typically shows __________.   Multiple Choice   values…

A: A column chart will include data labels along the horizontal (X) axis with measured metrics or…

Q: can you double check the 2a and 2b it shows to as not correct

A: Average level of inventory is reduced by $ 300,000, It only have effect on operating assets of the…

Q: State the meaning of incomplete records?

A: Accounting refers to the process through which the financial transactions related to a business are…

Q: Given:     Total Sales:    $550,000 Costs/Expenses:     Production Labor    202,000 Rent…

A: Greetings, student I've addressed your homework and given an explanation. Please listen carefully to…

Q: Fill out the missing column

A: Net revenue = Gross profit + Cost of goods sold = 511000+673400 = $1184400 Operating expense = Net…

Q: Only bracket values in picture

A: If Bondfine Company is liquidated value = $ 106 million If Ket Alive it will generate annual revenue…

Q: was due inancial State nc. should report

A:

Q: Which is an error of omission

A: Accounting error is error in entering, computing, and analysis of data. This includes the recording…

Q: What are reverse journal entries? Are these required by GAAP?

A: Reversing entries are journal entries made at the beginning of an accounting period to reverse or…

Q: Explain Change in Reporting Entity.

A: A reporting entity is an entity whose general-purpose financial report is used by its users to have…

Q: Explain the difference between direct and indirect quotations.

A: The quotation is a document listing all the prices that are determined and fixed for a project. The…

Q: Describe about the deferrals? Explain it in detail.

A:

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.